Federal Government Stimulus Package Home Renovations
A 15 000 grant for building contracts new builds and substantial renovations signed between 1 january 2021 and 31 march 2021 inclusive.
Federal government stimulus package home renovations. Changes to the homebuilder program include. The federal government has flagged extra support for the residential construction sector amid fears of a major slowdown caused by the coronavirus pandemic. The eligibility criteria are reasonably tight with the government expecting about 27 000 homeowners or builders to access the scheme.
It s looking to ward off hundreds of. On 29 november 2020 the government announced an extension to the homebuilder program to 31 march 2021. The federal government will give eligible australians 25 000 to build or substantially renovate their homes in an effort to boost demand in the construction sector and keep builders employed.
Homebuilder is available for building contracts signed between 4 june 2020 and 31 december 2020 this includes sales contracts for new builds where building commences after 4 june 2020 contract.